Published On: Mon, Sep 13th, 2021
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Banks Expect London to Remain a Top Financial Centre, Says Surveyon September 13, 2021 at 11:40 am

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LONDON—London will remain a leading global financial centre despite uncertainty over regulation due to Brexit, Lloyds Bank’s annual sentiment survey of financial firms showed on Monday. Britain fully left the European Union, its biggest single export customer, in December last year, with thousands of jobs and billions of euros in daily trading moving from London to the continent, raising concerns about the capital’s clout in global finance. But the survey of more than 100 banks, asset managers and insurers showed that more than two-thirds believe that London will remain a top centre. “It seems sensible to conclude that, while London’s status has taken a knock due to Brexit, it will remain one of the world’s leading financial centres,” the survey said. Brexit led to the UK financial sector being cut off from the EU and the survey showed that 42 percent believe a resumption of access won’t happen until 2023 …

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